Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Jack Henry & Associates by 20.5%, now holding approximately 2.24% of the company, valued at $297.9 million.
• Other institutional investors, including Mitsubishi UFJ Asset Management and Mackenzie Financial Corp, have increased their holdings in Jack Henry & Associates during the same period.
• Jack Henry's stock has shown fluctuations, with a current trading price of $159.79, a market cap of $11.64 billion, and a consensus "Hold" rating from analysts.

Invesco Ltd. lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 20.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,631,416 shares of the technology company's stock after selling 419,484 shares during the quarter. Invesco Ltd. owned 2.24% of Jack Henry & Associates worth $297,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Jack Henry & Associates by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company's stock worth $506,000 after purchasing an additional 423 shares during the last quarter. Franklin Resources Inc. boosted its stake in Jack Henry & Associates by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 9,427 shares of the technology company's stock worth $1,653,000 after buying an additional 446 shares in the last quarter. Cerity Partners LLC boosted its stake in Jack Henry & Associates by 26.5% in the fourth quarter. Cerity Partners LLC now owns 7,891 shares of the technology company's stock worth $1,386,000 after buying an additional 1,655 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Jack Henry & Associates by 216.0% in the fourth quarter. Renaissance Technologies LLC now owns 58,519 shares of the technology company's stock worth $10,258,000 after buying an additional 40,000 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Jack Henry & Associates by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,746 shares of the technology company's stock valued at $5,740,000 after purchasing an additional 150 shares during the period. Institutional investors own 98.75% of the company's stock.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. UBS Group lowered their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded up $1.14 during midday trading on Friday, hitting $160.39. 814,353 shares of the company were exchanged, compared to its average volume of 629,642. The firm has a market capitalization of $11.68 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.73. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00. The business has a fifty day simple moving average of $175.82 and a two-hundred day simple moving average of $175.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.